If Hotdogs Cost $2 This Year and $3 Next Year

question 167

Multiple Choice

If hotdogs cost $2 this year and $3 next year, then 100 hotdogs will contribute

• A)$200 to this year's nominal GDP and $166 to next year's nominal GDP.
• B)$200 to this year's real GDP and $300 to next year's real GDP.
• C)the same dollar amount to each year's nominal GDP because hotdogs are intermediate goods.
• D)$200 to this year's nominal GDP and $300 to next year's nominal GDP.

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Definitions:

Venous Blood

Blood that is returning to the heart through the veins, characterized by a lower oxygen content and a darker color compared to arterial blood.

Arterial Blood

Oxygen-rich blood that is pumped from the heart to the rest of the body through arteries.

Intracellular Fluid

The fluid found inside cells, making up about 40% of the total body water in humans.

Plasma Concentration

The amount of a substance present in the plasma portion of blood.